LAKELAND, Fla. – Regulation FPU-4.003 Special Fees, Fines and Charges is being revised to reflect a change to the convenience charge that the University’s payment processor charges to students.
Currently, the regulation sets the convenience fee at 2.3% of the transaction amount on each web-originated financial transaction when the payment is made by credit card, charge card, or debit card. The regulation is being revised to remove the reference to 2.3% as that percentage may change as needed by the payment processor. This revision is expected to result in an increased cost to students who pay web-originated financial transactions by credit card, charge card, or debit card.
Regulation FPU-4.003 provides the charges for orientation, identity cards, health services, housing, library fees and fines, duplicating services, standardized testing, non-academic services, equipment use, child care services, transient student fees, international student service fees, convenience fees, loan service, overdue accounts, returned checks, transcripts, and replacement diplomas.
The convenience fee assessed is not greater than the transaction cost for accepting such payments. Students are given notice of the fee and the amount before completing web-originated financial transactions. Students may choose to not complete the transaction and pay via a different method that does not assess a convenience fee.
This proposed revision does not result in any other changes to tuition and fees. More information on tuition and fees can be located on the University’s website and in University regulations FPU-4.003 Special Fees, Fines, and Charges.
The revisions to this regulation will be considered at the University’s Board of Trustees meeting on Wednesday, Dec. 11, 2019.
Contact:
Lydia Guzman
Director of Communications
863-874-8557